GiftCard Partners Blog

Although the holidays are still 3 months away now is the time to begin planning your end of year employee rewards. For many companies money is still tight, and often end of year bonuses are still not in the budget. There are still many effective ways to reward your employees at the end of the year. These rewards are the most important rewards you give all year, as they are what will motivate your workforce into 2013. Many companies give out gift cards during the holiday season, often to restaurants like the
Cheesecake Factory. These cards allow employees to enjoy a meal out with their friends and/or family, helping to ease their seasonal financial constraints. Other organizations are giving out gift cards to promote healthy living such as the
CVS/pharmacy Select card, to help employees make good on their New Year’s Resolutions. Other organizations wait until the craziness of the holidays has subsided and throw a big party for employees in January, offering a chance for employees to decompress and enjoy spending time together, outside of the office. However you choose to reward your employees this holiday season, ensure that the rewards you choose are effective in motivating and rewarding your workplace demographic. Give the employees what they want, so they can continue to use their expendable energy on reaching company goals in 2013.
For more information on how best to reward your employees this holiday season check out this article in British Marketing Week.

According to Parago's annual employee holiday incentives study you do not need to spend a lot of money to make your employees feel appreciated during holiday bonus time. The annual survey explores what employees are looking for in holiday bonuses and year-end incentives, and this year the findings were similar to last year. Below are some of the key findings of Parago's survey.

Gift cards continue to be the gift of choice for companies giving gifts to customers, employees, partners, and volunteers. For 5-years running, gift cards remain on the most wanted list, this year at a rate of 57.7%, says the National Retail Association (NRF). GiftCard Partners is proud to see that
Retail Gift Card Association (RGCA), the national organization for closed loop gift card retailers, who are

Most employees will say that they are not expecting much from their employers for the holidays. But, in their heart of hearts, most of us feel the pull towards recovery and hope for something extra for our hard work. What kind of gift will employees consider fair recognition and reward for the year to date, while offering encouragement for the year to come? A recent Parago survey indicates that for a whole year’s worth of work:

For many small businesses staying open on the holidays is a key way to compete with major retailers. In doing so, this often causes obvious strain on employees and employee relations. It is essential to the success of the company that these difficult situations are handled properly, and that employees needs are kept in mind. There are some pretty simple ways to say "thank you" to employees. When assigning holiday shifts, keep flexibility in mind. Things like allowing employees to request certain shifts or switch off holidays among employees can go a long way toward boosting morale and making workers feel appreciated. Another way to say "thank you" is by giving small denomination gift cards, as a token of appreciation. Giving small gift cards is like a small bonus, and the trophy value makes employees feel like they have done enough to earn something as a reward. This motivates employees beyond the holidays, and into the new year. Be sure to be sensitive to your employees this holiday season and it will benefit your organization long after the holidays have ended.  
To read more about employee rewards and holiday shifts check out the Fox Business article.